Sold
Last Sold Price
6 beds2,400 sqft$208/sqft
10537 Austin Ave, Chicago Ridge, IL 60415
Multi FamilyProperty Type
0.25 acresLot Size
1958Year Built
$208/sq ftPrice per sq ft
2 carsParking Spaces

Description

Calling all investors looking for a turnkey rental property! Beautifully rehabbed all-brick 2-flat with 2.5 car garage and full basement (for a possible third unit for extra cash flow) now available in Chicago Ridge! The recently remodeled, spacious units both feature three bedrooms, beautiful refinished hardwood floors, modern high-end kitchens and bathrooms equipped with upgrades such as quartz countertops, new stainless steel appliances, and soft-close shaker-style cabinets. The entire building...Calling all investors looking for a turnkey rental property! Beautifully rehabbed all-brick 2-flat with 2.5 car garage and full basement (for a possible third unit for extra cash flow) now available in Chicago Ridge! The recently remodeled, spacious units both feature three bedrooms, beautiful refinished hardwood floors, modern high-end kitchens and bathrooms equipped with upgrades such as quartz countertops, new stainless steel appliances, and soft-close shaker-style cabinets. The entire building has new energy-efficient windows, and each unit also includes its own separate furnace and AC unit, delivered via forced air, along with brand-new hot water tanks, and updated copper plumbing throughout. Additionally, all utilities are metered separately for easy management, and a third electrical meter is present when you decide to finish a third basement unit. Property also includes a detached 2.5-car brick garage and a new brick paver walkway leading out to a spacious backyard. The huge backyard your tenants will love is perfect for BBQs or quality time together with the family. Use the rental income of one unit to subsidize a portion of your mortgage on the second unit while you live there, or finish out the basement as a legal third unit and maximize cash flow from your new investment property! Coin operated washer and dryer located in basement for increased revenue potential. Potential to rent garage for even greater cash flow. Both three-bedroom units are currently leased with excellent tenants. Schedule your showing today!

    Sold By RE/MAX LOYALTY

    • Listed by: Robert Medinger 708.798.1111 robjmedinger@gmail.com • Keller Williams Preferred Rlty
    Listing closed: 12/12/2024 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12176228

    Recent comparable sales

    Median sold price

    $385,000

    Avg days on market

    43

    Sale-to-list ratio

    95.6%

    Chicago Ridge, IL

    9 comparable properties found

    $385,000 | 6017 Birmingham Street, Chicago Ridge, IL 60415
    1/38
    1

    $385,000

    Sold 01/23/26

    6
    Bedrooms
    1,686
    Square Feet
    0.19
    Acres
    $489,900 | 10550 Austin Avenue, Chicago Ridge, IL 60415
    1/2
    2

    $489,900

    Sold 04/18/25

    5
    Bedrooms
    2,900
    Square Feet
    0.45
    Acres
    $310,000 | 6504 103rd Street, Chicago Ridge, IL 60415
    1/15
    3

    $310,000

    Sold 05/16/25

    5
    Bedrooms
    2,060
    Square Feet
    0.08
    Acres
    $385,000 | 11024 Menard Avenue, Chicago Ridge, IL 60415
    1/41
    4

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    Sold 03/28/25

    4
    Bedrooms
    2,220
    Square Feet
    0.19
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    a view of a house with a swimming pool
    1/75
    5

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    Sold 02/19/25

    5
    Bedrooms
    2,800
    Square Feet
    0.33
    Acres
    a front view of a house with a yard and porch
    1/21
    6

    $315,000

    Sold 11/15/24

    5
    Bedrooms
    2,430
    Square Feet
    0.20
    Acres
    an aerial view of a house with garden space and street view
    1/46
    7

    $365,000

    Sold 10/01/24

    5
    Bedrooms
    2,196
    Square Feet
    0.18
    Acres
    a front view of a house with garden
    1/28
    8

    $355,000

    Sold 11/08/24

    4
    Bedrooms
    2,352
    Square Feet
    0.16
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    9

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    Sold 04/17/25

    Unavailable
    Bedrooms
    2,897
    Square Feet
    0.45
    Acres

    Location

    Add your commute

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    OriginPoint Mortgage or Rocket Mortgage1

    $3,379 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $2,541

    Property Taxes

    $838

    HOA Dues

    $0

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    Property Information for 10537 Austin Avenue

    Property Details
    • Taxes: $10,054 / year
    • MLS Type: Two to Four Units / 2 Flat
    • County: Cook County
    • Area: Chicago Ridge
    • Township: Worth
    • Ownership: Fee Simple
    • Num Of Garage Spaces: 2.5
    • Parking Included in Price: Yes
    • Heat/Fuel: Natural Gas, Forced Air
    Building Information
    • Residences: 2
    • Year Built: 1958
    • Lot Size: 0.25 AC / 10,927 SF
    General Information
    School Information
    • Elementary School District: 127.5
    • High School District: 218
    • Middle Or Junior School District: 127.5
    Addtl Parking Information
    • Garage On Site: true
    • Garage Ownership: Owned
    • Garage Type: Detached
    • Parking: Garage
    Property Information
    Interior Features
    • Num Of Rooms: 12
    • Bedrooms Total: 6
    • Bedrooms (Below Grade): 0
    • Basement Type: Full
    • Bedrooms Possible: 6
    • Basement Description: Unfinished
    • # Full Baths in Building: 2
    • # Half Baths in Building: 0
    • Num of Baths: 2.0
    Utilities / Equipment
    • Sewer: Sewer-Public
    • Water: Lake Michigan
    • Other Equipment: Sump Pump
    Property/Lot Information
    • New Construction YN: No
    • Rebuilt: No
    • Rehabilitated: Yes
    • Rehab Year: 2023
    • Built Before 1978: Yes
    • Age: 61-70 Years
    • Lot Size: .25-.49 Acre
    • Lot Dimensions: 10,927
    • Total # Units in Building: 2.0
    • Waterfront: No
    • Exterior Building Type: Brick
    • Roof Type: Asphalt
    • Foundation Details: Concrete Perimeter
    • General Information: None
    • Lot Size Source: County Records
    • 3 Br Un In Bldg: Yes
    Property and Assessments
    • Public Document Count: 3
    • Document Date: 2024-10-10T23:26:20
    • Photos Count: 32
    • OpenHouse Count: 0
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Income & Expenses
    • Electric Expense: $35.00
    • Fuel Expense: $.00
    • Gross Income: $43,200.00
    • Insurance Expense: $185.00
    • Maintenance Expense: $.00
    • Manager Expense: $.00
    • Electric Expense Source: Actual
    • Insurance Expense Source: Actual
    • Other Addl Income: Coin Laundry
    • Trash Expense Source: Actual
    • Trash Expense Year: 2024
    • Water Expense Source: Actual
    • Net Operating Income: $30,000.00
    • Professional Management Expense: $.00
    • Trash Expense: $33.00
    • Water Sewer Expense: $33.00
    • Other Expenses $: 0
    Unit 1
    • Unit Type Actual Rent: $1,800.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 1
    • Lease Expiration Date: 04/25
    Unit 2
    • Unit Type Actual Rent: $1,800.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 2
    • Lease Expiration Date: 04/25

    Property History for 10537 Austin Avenue

    DateEvent & SourcePriceAppreciation
    Dec 12, 2024

    Sold

    MRED #12176228

    $500,000
    Nov 13, 2024

    Sold (Public Record)

    Public Record #1547907683

    $500,000

    +6.2% / yr

    Oct 13, 2024

    Pending

    MRED #12176228

    DateEvent & SourcePrice
    12/12/2024

    Sold

    MRED #12176228

    $500,000
    11/13/2024

    Sold (Public Record)

    Public Record #1547907683

    $500,000

    +6.2% / yr

    10/13/2024

    Pending

    MRED #12176228

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 10537 Austin Avenue

    Taxable ValueLand$6,556Additions$24,444Total$31,000
    Tax Record2023$10,054 ($838 / month)
    Home Facts
    Baths2Total Finished SqFt2,519 SqFtAbove Grade Finished SqFt2,519 SqFtStories2Lot Size10,927 SqFtStyleMulti-Family Res (5+ Units)Year Built1958CountyCOOKAPN24-17-219-003

    Schools near 10537 Austin Avenue

    This home is within Chsd 218 School District.
    Rating
    School
    Type
    Grades
    Distance
    Public - PK to 5
    Public - 6 to 8
    Public - 9 to 12
    Public - 9 to 12
    Rating
    School
    Distance
    Ridge Central Elementary School
    PublicPK to 5

    Elden D Finley Jr High School
    Public6 to 8

    Harold L. Richards High School
    Public9 to 12

    Delta Learning Center
    Public9 to 12

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    Listing Courtesy of Keller Williams Preferred Rlty

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/14/2024 02:24 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.